Hi,
I'm now to all this property investment stuff so bear with me here. I have been having a look at a couple of apartments that are leased to serviced apartment operators and from the headline number provided they seem to be a pretty good investment (longish term lease (2+ years), decent rental).
Unfortunately (or should it be fortunately) I can hear my mother telling me that if something seems too good to be true, it most probably is. Being new to this stuff, I assume that I am missing some important considerations.
I assume that given I don't have a significant deposit I can really only afford an Apartment.
What questions should I be asking the agent and what considerations should I be thinking about?
Thanks in advance.
I'm now to all this property investment stuff so bear with me here. I have been having a look at a couple of apartments that are leased to serviced apartment operators and from the headline number provided they seem to be a pretty good investment (longish term lease (2+ years), decent rental).
Unfortunately (or should it be fortunately) I can hear my mother telling me that if something seems too good to be true, it most probably is. Being new to this stuff, I assume that I am missing some important considerations.
I assume that given I don't have a significant deposit I can really only afford an Apartment.
What questions should I be asking the agent and what considerations should I be thinking about?
Thanks in advance.
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